June 5, 2018

Oregon Center for Public Policy: Legislature Leaves Oregon Largely Defenseless Against Corporate Abuse of Tax Havens

ITEP Work in Action

The repeal of Oregon’s tax haven law flowed from the legislature’s response to the far-reaching tax law passed by Congress at the end of 2017. The federal law required corporations to pay taxes, at a reduced rate, on more than $2 trillion in profits they held abroad. The federal tax law also put in place provisions intended to deter future shifting of corporate profits to avoid taxes.

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